NELCO FY26 Results: Net Profit ₹332M, Board Recommends ₹1 Final Dividend
NELCO Limited announced audited FY26 results showing consolidated net profit of ₹332 million on revenue of ₹30,660 million. The company demonstrated quarterly improvement with Q4 net profit of ₹109 million versus prior year loss. Board recommended final dividend of ₹1 per share (10%) subject to AGM approval, with unmodified audit opinions from statutory auditors.
*this image is generated using AI for illustrative purposes only.
NELCO Limited has announced its audited financial results for the year ended March 31, 2026, delivering a consolidated net profit of ₹332 million compared to ₹953 million in the previous year. The company's board of directors has recommended a final dividend of ₹1 per share (10%) for the financial year, subject to shareholder approval at the upcoming Annual General Meeting.
Financial Performance Overview
NELCO's consolidated revenue from operations reached ₹30,660 million for FY26, showing marginal decline from ₹30,487 million in the previous year. The company maintained profitability despite challenging market conditions, with earnings per share of ₹1.45 compared to ₹4.18 in FY25.
| Financial Metric: | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹30,660 million | ₹30,487 million | +0.57% |
| Consolidated Net Profit: | ₹332 million | ₹953 million | -65.16% |
| Earnings per Share: | ₹1.45 | ₹4.18 | -65.31% |
| Proposed Dividend: | ₹1.00 | ₹2.20 | -54.55% |
Quarterly Performance Analysis
The fourth quarter of FY26 showed improved performance with consolidated net profit of ₹109 million compared to a loss of ₹408 million in the corresponding quarter of the previous year. This represents a significant turnaround in quarterly profitability, demonstrating the company's operational resilience.
| Q4 Performance: | Q4 FY26 | Q4 FY25 | Change |
|---|---|---|---|
| Revenue: | ₹7,918 million | ₹6,752 million | +17.27% |
| Net Profit/(Loss): | ₹109 million | (₹408) million | Turnaround |
| EPS: | ₹0.48 | (₹1.79) | Positive |
Balance Sheet Strength
NELCO's total assets increased to ₹34,737 million as of March 31, 2026, from ₹28,745 million in the previous year. The company's equity base remained stable at ₹12,883 million, while total liabilities increased to ₹21,854 million, reflecting business expansion activities.
Dividend and Shareholder Returns
The board's recommendation of ₹1 per share as final dividend represents a 10% dividend on the face value of ₹10 per share. This compares to the previous year's final dividend of ₹2.20 per share (22%). The dividend payment remains subject to approval by shareholders at the ensuing Annual General Meeting.
Corporate Governance and Compliance
The audited financial results were approved by the board of directors at their meeting held on April 20, 2026. S.R. Batliboi & Associates LLP, the company's statutory auditors, have issued unmodified audit opinions on both consolidated and standalone financial results for FY26, ensuring compliance with regulatory requirements under SEBI listing obligations.
Historical Stock Returns for NELCO
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.65% | +3.38% | +19.75% | -14.86% | -10.15% | +264.60% |
What strategic initiatives is NELCO planning to implement in FY27 to recover from the 65% decline in net profit?
How will the significant increase in total liabilities to ₹21,854 million impact NELCO's debt servicing capabilities and future borrowing costs?
What factors contributed to the strong Q4 turnaround, and can this momentum be sustained throughout FY27?
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